QAD income down but meets forecast

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By Staff Report / Thursday, March 19th, 2020 / Comments Off on QAD income down but meets forecast

Fourth quarter revenue fell 5 percent for Santa Barbara-based manufacturing software maker QAD to $78.6 million, while net income plunged to $410,000. Earnings per share of 2 cents were down 91 percent from the same period in 2019, meeting analyst forecasts. For the full year, revenue fell 6 percent to $310.8 million, with an overall…

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